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Official Name: Republic of Palau.Location: Palau is in Oceania, and consists of a group of islands in the North Pacific Ocean, southeast of the Philippines.Climate: Tropical; hot and humid; wet season May to November.Terrain: Varying geologically from the high, mountainous main island of Babelthuap to low, coral islands usually fringed by large barrier reefs.Major Languages: Palauan, English.Major Religions: Christianity, Modekngei (indigenous belief).Population: 0.021 Mil (2013 est.).Economy: The economy of Palau consists primarily of tourism, subsistence agriculture, and fishing. Tourist activity focuses on scuba diving and snorkelling in the islands' rich marine environment, including its barrier reefs walls and World War II wrecks. The government is the major employer of the work force, relying heavily on financial assistance from the US.Currency: US Dollar (USD)Inflation: 2% (2013 est.).
The cost of living in Palau is low in comparison to other places in the world. This is based on a comparison of locally collected prices for goods and services applicable to expatriates, converted to USD. The goods and services have been grouped together into categories (baskets) and the cost calculated for each basket in each location. Futhermore, these baskets have been weighted based on extensive research of white collar expatriate spending habits. As a result the cost of living comparisons are applicable to internationally mobile senior staff such as specialists, professionals, managers and executives. In Palau, of the 13 cost of living baskets, the cost of healthcare is very low, restaurants low, recreation average, furniture high, and no basket very high in comparison to other international locations. Hardship Hardship refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered. Palau is ranked as a extreme hardship location.ReferenceThe information on this page is updated quarterly using data collected over the previous 12 months. Premium data such as the cost of living indexes for all 13 baskets for each location, hardship premiums and salary comparisons are only available using the calculators.Published by Xpatulator.com on 15 January 2014.Are you moving / considering a move to Palau? Would you like to know if your salary offer is higher or lower than what you earn now? Calculate how much you need to earn in Palau to have a similar spending power to what you have now. Register, Purchase and Run the Salary Purchasing Power Parity Calculator.